Hasbro Bids to Purchase Mattel

The Wall Street Journal reports Hasbro recently approached Mattel with a takeover offer, but no figures for the potential buy-out have been revealed. Mattel is worth about $5 billion, while Hasbro is worth around $11 billion.

Mattel's franchises include Masters of the Universe, Hot Wheels, and Barbie, among others. Hasbro's brands include Transformers, G. I. Joe, and Nerf, just to name a few.

Mattel has reportedly been struggling with poor sales. The company revealed in October it suffered a 14% drop in its third-quarter sales.

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In related news, Disney is reportedly looking to purchase Fox, which owns the rights to X-Men and Fantastic Four. The latest update on the matter suggests that, while talks between Disney and Fox have stopped, a deal to purchase Fox's assets is not out of the question for Disney just yet.

Alex Gilyadov is a freelance writer for IGN. Be sure to check out his YouTube channel and follow him on Twitter.